Bernanke, data lift Wall Street to session highs

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February 27, 2013 2:21 AM EST

Major stock indexes hit session highs on Tuesday after Federal Reserve Chairman Ben Bernanke defended the Fed's bond-buying stimulus before Congress and data on new-home sales and consumer confidence was better than expected.

The Dow Jones industrial average <.DJI> rose 125.16 points or 0.91 percent, to 13,909.33, the S&P 500 <.SPX> gained 10.51 points or 0.71 percent, to 1,498.36 and the Nasdaq Composite <.IXIC> added 18.92 points or 0.61 percent, to 3,135.17.

(Reporting by Rodrigo Campos; Editing by Kenneth Barry)

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